These Analysts Boost Their Forecasts On Federated Hermes After Q3 Results
These Analysts Boost Their Forecasts On Federated Hermes After Q3 Results
Federated Hermes shares gained 3.5% to trade at $39.97 on Monday.Federated Hermes, Inc. (NYSE:FHI) reported upbeat earnings for the third quarter, after the closing bell on Thursday.
紐交所公司federated hermes（NYSE：FHI）週四收盤後報告了第三季度業績樂觀。
The company posted quarterly earnings of $1.06 per share which beat the analyst consensus estimate of 91 cents per share. The company reported quarterly sales of $408.456 million which missed the analyst consensus estimate of $409.260 million.
該公司每股季度盈利1.06美元，超過了分析師共識預期的91美分。該公司季度銷售額爲40845.6萬美元，低於分析師共識預期的40926萬美元。
"Federated Hermes reached record assets under management for the eighth consecutive quarter on the strength of flows into money market and fixed-income products, along with market appreciation of equity and fixed-income assets. This continued after the Fed's mid-September rate cut, as money market products historically offer a yield advantage when compared to bank deposit accounts and some securities in the direct market," said J. Christopher Donahue, president and chief executive officer. "We also saw interest in our Total Return Bond Fund and core plus strategies—in mutual fund, ETF and collective investment fund offerings—as those products are well positioned to meet changing market conditions. In equities, we saw positive net flows in nine of our strong-performing Federated Hermes MDT quantitative mutual funds and ETFs."
「在資金流入貨幣市場和固定收益產品的勢頭帶動下，紐交所federated hermes資產連續第八個季度創下記錄，加上股票和固定收益資產的市場升值。在聯儲局9月中旬減息後，貨幣市場產品在與銀行存款帳戶和一些直接市場的證券相比具有收益優勢的歷史優勢得以延續，」首席執行官兼總裁J·克里斯托弗·多納修（J. Christopher Donahue）表示。「我們還看到人們對我們的總回報債券基金和核心增強策略——在共同基金、ETF基金和集合投資基金產品中的需求增加——因爲這些產品定位良好，能夠滿足不斷變化的市場條件。在股票方面，我們看到我們收益強勁的紐交所federated hermes MDt量化共同基金和ETF基金中有九隻基金出現淨流入。」
Federated Hermes shares gained 3.5% to trade at $39.97 on Monday.
週一，紐交所federated hermes股價上漲3.5%，報39.97美元。
These analysts made changes to their price targets on Federated Hermes following earnings announcement.
這些分析師根據業績公告對紐交所federated hermes的目標股價做出了調整。
- TD Cowen analyst Bill Kirk upgraded Federated Hermes from Hold to Buy and raised the price target from $35 to $46.
- RBC Capital analyst Kenneth Lee maintained the stock with a Sector Perform and raised the price target from $36 to $39.
- TD Cowen分析師比爾·柯克將紐交所federated hermes評級從持有升級至買入，並將目標股價從35美元提高至46美元。
- RBC Capital分析師肯尼斯·李維持股票評級爲板塊表現，並將目標股價從36美元上調至39美元。
Considering buying FHI stock? Here's what analysts think:
考慮購買federated hermes股票？以下是分析師的看法：
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譯文內容由第三人軟體翻譯。
